Elaine romberg prepares her own income tax return each year, Financial Management

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Elaine romberg prepares her own income tax return each year

Elaine Romberg prepares her own income tax return each year. A tax preparer would charge her $80 for this service. Over a period of 9 years, how much does Elaine gain from preparing her own tax return? Assume she can earn 4 percent on her savings. Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

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